Tidewater Renewables (TSE:LCFS) Given New C$13.25 Price Target at National Bank Financial

Tidewater Renewables (TSE:LCFS) had its target price hoisted by National Bank Financial from C$8.00 to C$13.25 in a research note published on Friday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently commented on LCFS. ATB Cormark Capital Markets boosted their price objective on shares of Tidewater Renewables from C$8.00 to C$12.00 and gave the stock a “speculative buy” rating in a report on Friday. Royal Bank Of Canada boosted their price objective on shares of Tidewater Renewables from C$7.50 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$12.58.

Tidewater Renewables Stock Down 1.3%

LCFS stock opened at C$10.55 on Friday. The company has a market cap of C$384.94 million, a P/E ratio of 117.22 and a beta of -0.16. Tidewater Renewables has a 52 week low of C$2.14 and a 52 week high of C$11.95. The company’s 50-day moving average price is C$7.64 and its 200 day moving average price is C$5.41. The company has a current ratio of 1.38, a quick ratio of 0.10 and a debt-to-equity ratio of 128.35.

Tidewater Renewables Company Profile

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.